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12/5/2023, 1:32 AM (Source: TeleTrader)
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Japan's services activity growth slows in November

Japan's service sector performance stood slightly below market expectations in November, according to data released by S&P Global on Tuesday.

The seasonally adjusted figure showed the au Jibun Bank Japan Services Business Activity Index landing at 50.8 to stand above the neutral 50. The figure marked an overall growth in the sector, despite that growth being the slowest since November of last year.

"November data signaled a further loss of momentum in the services sector, but this should be viewed in the context of a year of strong growth," Economics Director at S&P Global Market Intelligence, Trevor Balchin, said, commenting on the survey results.

Baha Breaking News (BBN) / NL